Lufthansa aircraft stand side by side at Munich Airport.
Peter Kneffel | picture alliance | Getty Images
“We think that it is a critical time now for governments to give a hand to the airlines, and probably other players as well,” said Joanna Lu, Asia’s head of consultancy at Ascend by Cirium.
In the U.S., airlines have asked the government for more than $50 billion in aid as the health crisis continues to put pressure on the industry. The virus has infected more than 200,000 globally and killed as many as 10,000, according to data from Johns Hopkins University. Many flights have been canceled as countries implement restrictions on travel.
“You can’t imagine how the airlines can manage themselves … majority of the industry has been grounded,” Lu said.
When asked why airlines should be given priority…